Mumbai, Nov 8 (PTI) Falling for the second session,

benchmark Sensex shed 152 points today to end at an over one-

week low of 33,218.81 on widespread selling in metal, oil and

gas, telecom and realty sectors.

Investors locked in gains amid lingering worries of a

spurt in oil prices and its impact on inflation and fiscal

deficit, brokers said.

The 30-share index, after opening strong at 33,417.35,

advanced to hit the day’s high of 33,484.70 on the back of

robust foreign fund inflows.

However, it succumbed to profit-booking in late afternoon

trade and slumped to 33,157.68, before finishing at 33,218.81,

down 151.95 points or 0.46 per cent.

This is its weakest closing level since October 31, when

it had ended at 33,213.13.

The broader Nifty slumped 47 points, or 0.45 per cent, to

close at 10,303.15 after shuttling between 10,384.25 and


“Market shows signs of consolidation as investors took

one step back from riskier assets due to rising oil price and

the resultant impact on inflation and deficit,” said Vinod

Nair, Head of Research, Geojit Financial Services.

Foreign portfolio investors (FPIs) net purchased shares

worth Rs 461.47 crore yesterday, as per provisional data.

Domestic institutional investors (DIIs) sold shares worth net

Rs 2,046.07 crore.

Bharti Airtel took the biggest blow in the Sensex kitty

by slumping 3.73 per cent following reports of a Qatar-based

entity offloading its entire holding in the company.

Other laggards included Tata Motors, SBI, Lupin, ICICI

Bank, RIL, Hero MotoCorp, NTPC, Dr Reddy’s, HDFC, ONGC, Adani

Ports, Infosys, Kotak Bank, Wipro, Tata Steel and ITC, falling

up to 2.35 per cent.

Public sector lender Oriental Bank of Commerce ended

lower by 5.94 per cent following deteriorating asset quality


Manappuram Finance also ended lower by 3.88 per cent

after reporting a 16.6 per cent decline in consolidated net

profit for the September quarter.

In contrast, Axis Bank, Asian Paints, Cipla, Sun Pharma,

Coal India, Bajaj Auto, M&M, L&T, HUL, TCS, Power Grid and

Maruti Suzuki gained up to 3.41 per cent.

Sector-wise, the BSE metal index suffered the most by

falling 1.55 per cent, followed by energy (1.50 per cent),

telecom (1.49 per cent), oil & gas (1.30 per cent), PSU (1.21

per cent), realty (0.99 per cent), consumer durables (0.88 per

cent), power (0.72 per cent), auto (0.67 per cent), bankex

(0.52 per cent) and infrastructure (0.38 per cent).

IT and teck sector indices ended in the green.

The broader markets too were in a bearish form, with the

small-cap index falling 0.96 per cent and mid-cap dipping 0.77

per cent.

Key indices in rest of Asia declined, with Japan’s Nikkei

falling 0.10 per cent, retreating from 25-year highs, while

Hong Kong’s Hang Seng shed 0.30 per cent. Taiwan too fell 0.20

per cent but Shanghai Composite Index inched up 0.06 per cent.

In the Eurozone, Paris CAC 40 fell 0.24 per cent while

Frankfurt’s DAX shed 0.06 per cent in early deals. London’s

FTSE was down 0.04 per cent.

This is published unedited from the PTI feed.